Patron Partners LLC Has $1.17 Million Stock Position in Eaton Corporation, PLC $ETN

Patron Partners LLC grew its position in Eaton Corporation, PLC (NYSE:ETN) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,273 shares of the industrial products company’s stock after buying an additional 257 shares during the quarter. Patron Partners LLC’s holdings in Eaton were worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETN. Nuveen LLC acquired a new position in shares of Eaton in the first quarter worth about $1,472,231,000. GAMMA Investing LLC boosted its holdings in shares of Eaton by 27,281.9% in the first quarter. GAMMA Investing LLC now owns 3,593,321 shares of the industrial products company’s stock worth $976,772,000 after buying an additional 3,580,198 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Eaton by 85.4% in the first quarter. Ameriprise Financial Inc. now owns 3,629,464 shares of the industrial products company’s stock worth $986,966,000 after buying an additional 1,672,175 shares during the period. Fayez Sarofim & Co lifted its position in shares of Eaton by 606.3% in the first quarter. Fayez Sarofim & Co now owns 1,025,903 shares of the industrial products company’s stock worth $282,262,000 after purchasing an additional 880,656 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Eaton by 15.8% in the first quarter. Invesco Ltd. now owns 3,913,209 shares of the industrial products company’s stock worth $1,063,727,000 after purchasing an additional 533,774 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Eaton

In other news, insider Olivier Leonetti sold 16,018 shares of Eaton stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $358.39, for a total value of $5,740,691.02. Following the transaction, the insider owned 630 shares of the company’s stock, valued at $225,785.70. This trade represents a 96.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ETN shares. Morgan Stanley increased their price target on shares of Eaton from $375.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group increased their price target on shares of Eaton from $345.00 to $382.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Raymond James Financial increased their price target on shares of Eaton from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Daiwa America raised shares of Eaton to a “strong-buy” rating in a research report on Thursday, September 11th. Finally, KeyCorp increased their price target on shares of Eaton from $355.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $390.68.

Eaton Price Performance

Shares of ETN opened at $365.17 on Friday. The firm has a market cap of $142.16 billion, a PE ratio of 36.74, a PEG ratio of 2.66 and a beta of 1.16. The firm’s 50 day moving average price is $363.79 and its 200 day moving average price is $329.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.76 and a current ratio of 1.24. Eaton Corporation, PLC has a twelve month low of $231.85 and a twelve month high of $399.56.

Eaton (NYSE:ETN) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.03. Eaton had a net margin of 15.11% and a return on equity of 23.91%. The firm had revenue of $7.03 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm earned $2.73 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Eaton has set its Q3 2025 guidance at 3.010-3.070 EPS. FY 2025 guidance at 11.970-12.170 EPS. As a group, research analysts expect that Eaton Corporation, PLC will post 12.02 EPS for the current fiscal year.

Eaton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th were given a $1.04 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.1%. Eaton’s dividend payout ratio (DPR) is currently 41.85%.

Eaton Profile

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.